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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    18167 Us Highway 19 Clearwater, FL 33764

    • Office buildings
    • 146,894 SF
    • 0.97 lot acres
    For Lease
    View listing
    $312 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6193662
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Chargebacks911 / Financial Advisor
    • Khatami Khatereh MD / Physician
    • Andrew Demmitt / Physician
    • UBS Financial Services Inc. / Financial Advisor
    • Metroplex Communications / Radio Station / Telecommunications Service

    Property Details for 18167 Us Highway 19

    Year built
    1987
    Construction
    CONCRETE
    Lot size
    0.97 lot acres
    Property size
    146,894 SF
    Property type
    Office buildings
    APN
    29-29-16-36709-000-0010
    APU
    292916367090000010

    Description

    This exceptional Class A office building, located at 18167 U.S. Highway 19 North in Pinellas County, offers a highly visible presence and convenient access to major transportation arteries. The six-story building, constructed in 1987, boasts a total of 146,894 square feet, with a minimum divisible space of 1,943 square feet and a maximum contiguous space of 12,146 square feet. Currently, 45,467 square feet are vacant, including a prime 11,796 square foot space on the fifth floor. The building features a generous parking ratio of 4 spaces per 1,000 square feet, totaling 587 spaces. Amenities include a convenient on-site cafe, a building conference room, and professional property management. Enjoy 24/7 access and prominent signage opportunities. A stunning three-story lobby atrium offers spectacular water views, enhanced by recent common area renovations. Restrooms were completely remodeled in 2019/2020, and the elevators have been upgraded with modern TV monitors. The building's central location provides easy access to Clearwater/St. Petersburg International Airport, Tampa International Airport, and a wealth of nearby shopping, dining, and retail options. This is a truly remarkable opportunity for businesses seeking a prestigious and well-appointed office space in a thriving location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $22,490,000
      Market price range: $18.3M - $40.5M
      AI Estimate
      $22,490,000
      Market price range: $18.3M - $40.5M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $27,575,000
      Current use
      RETAIL STORES
      $30,540,000
      Change: +11% Conversion: Moderate
      WAREHOUSE, STORAGE
      $29,920,000
      Change: +9% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $25,860,000
      Change: -6% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $25,050,000
      Change: -9% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.729
    Latitude
    27.9375
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $354,598
    $0.00
    $0.00
    $15,500,000
    -
    $479,731
    $15,020,269
    $15,500,000

    Comparable in this City

    • Value Estimation
      $2,000,000
      8,335 SF

      19995 Us Hwy 19th N

      OFFICE BUILDING • 8,335 SF
      19995 Us Hwy 19th N, Clearwater, FL 33764-5013
      View Details
    • Value Estimation
      $750,000
      5,336 SF

      2561 Nursery Rd

      OFFICE BUILDING • 5,336 SF
      2561 Nursery Rd, Clearwater, FL 33764-1783
      View Details
    • Value Estimation
      $1,545,000
      11,328 SF

      18401 Us Hwy 19th N

      OFFICE BUILDING • 11,328 SF
      18401 Us Hwy 19th N, Clearwater, FL 33764-1748
      View Details
    • Value Estimation
      $20,025,000
      128,966 SF

      19387 Us Hwy 19th N

      OFFICE BUILDING (MULTI-STORY) • 128,966 SF
      19387 Us Hwy 19th N, Clearwater, FL 33764-3102
      View Details
    • Value Estimation
      $3,185,000
      25,622 SF

      600 Byp Dr Ste, Unit 219

      OFFICE BUILDING (MULTI-STORY) • 25,622 SF
      600 Byp Dr Ste, Clearwater, FL 33764-5075
      View Details
    • Value Estimation
      $915,000
      5,303 SF

      1330 Belcher Rd

      PROFESSIONAL BUILDING • 5,303 SF
      1330 Belcher Rd, Clearwater, FL 33764-3713
      View Details

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    Similar Nearby for Lease

    • $312 /Mo
      146,894 SF

      Prime Pinellas Office Space

      Class A Office, 11,796 SF Available
      18167 Us Highway 19, Clearwater, FL 33764
      View Details
    • Contact for pricing
      9,243 SF

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      Retail Space Near Clearwater Beach

      Retail space in a high-traffic, densely populated area.
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    18167 Us Highway 19
    Clearwater, FL 33764
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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